Fmr LLC trimmed its position in Koninklijke Philips NV (NYSE:PHG) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,613 shares of the technology company’s stock after selling 12,553 shares during the period. Fmr LLC’s holdings in Koninklijke Philips were worth $3,577,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Shufro Rose & Co. LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $202,000. Park National Corp OH acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $206,000. Parsec Financial Management Inc. acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $207,000. West Coast Financial LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $208,000. Finally, Tower Bridge Advisors acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $245,000. Institutional investors own 4.86% of the company’s stock.
NYSE:PHG opened at $40.75 on Friday. Koninklijke Philips NV has a 12 month low of $35.47 and a 12 month high of $46.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.27 and a quick ratio of 0.89. The firm has a market cap of $42.15 billion, a PE ratio of 32.47, a P/E/G ratio of 4.48 and a beta of 1.14.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Monday, July 23rd. The technology company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.15). Koninklijke Philips had a return on equity of 7.81% and a net margin of 7.30%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Koninklijke Philips NV will post 1.85 EPS for the current year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Friday, July 6th. BNP Paribas upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Sanford C. Bernstein began coverage on shares of Koninklijke Philips in a research note on Thursday, September 13th. They set an “outperform” rating for the company. Credit Suisse Group downgraded shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. Finally, ValuEngine upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.00.
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.
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